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Talos, JV Partners Hit New Oily GOM Discovery; One Billion Barrels+ OIIP
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Premier (and its JV partners Talos Energy (operator) and Sierra Oil & Gas, have hit a new oil discovery in the GOM.
The Zama-1 well is the first offshore exploration well drilled by the private sector in Mexico’s history. The well, located in 546 feet (166 meters) of water and approximately 37 miles (60 kilometers) from the Port of Dos Bocas, has reached an initial shallow target vertical depth of approximately 11,100 feet (3,383 meters).
Initial gross original oil in place estimates for the Zama-1 well are in excess of 1 billion barrels, which could extend into a neighbouring block. The well encountered a contiguous gross oil bearing interval of over 335 metres (1,100 feet), with up to 200 metres (650 feet) of net oil bearing reservoir in Upper Miocene sandstones with no water contact
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